Zacks Investment Research upgraded shares of Denison Mines Corp (NYSEMKT:DNN) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. The brokerage currently has $0.50 target price on the stock.
According to Zacks, “DENISON MINES CORPORATION is the premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further,they has ownership interests in two of the four conventional uranium mills operating in North America today. The Company also has a strong exploration and development portfolio with large land positions in the United States, Canada, Zambia and Mongolia “
Separately, Dundee Securities restated a buy rating and issued a $1.60 price objective on shares of Denison Mines Corp in a research note on Wednesday, August 10th. Five research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus price target of $1.27.
Denison Mines Corp (NYSEMKT:DNN) opened at 0.4797 on Wednesday. Denison Mines Corp has a 12-month low of $0.35 and a 12-month high of $0.67. The company’s market cap is $255.88 million. The stock has a 50 day moving average of $0.51 and a 200-day moving average of $0.54.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of Denison Mines Corp by 503.9% in the first quarter. Renaissance Technologies LLC now owns 1,011,500 shares of the company’s stock valued at $569,000 after buying an additional 844,000 shares during the last quarter. Gagnon Securities LLC acquired a new position in shares of Denison Mines Corp during the second quarter valued at approximately $415,000. Commerzbank Aktiengesellschaft FI raised its position in shares of Denison Mines Corp by 65.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,466,940 shares of the company’s stock valued at $807,000 after buying an additional 581,966 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Denison Mines Corp during the second quarter valued at approximately $157,000. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Denison Mines Corp during the second quarter valued at approximately $133,000.
About Denison Mines Corp
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.
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